Share of ITC Limited is currently trading at around Rs.445/- Existing as well as prospective investors are asking for the ITC Share Price Target 2023 as well as the share price targets for other years from 2023 to 2030. In this article, we will discuss about the business prospects and financial performance of ITC Limited and based on our discussion and analysis will tell you the ITC Share Price Target 2023 as well as targets for other years from 2023 to 2030.
Following are the frequently asked questions by the existing as well as prospective investors, about ITC Ltd. We have provided answers to all these questions in this article:
- What will be the price of ITC in 2030?
- What is the target price of ITC in 2023
- Is it good to buy ITC shares now?
- What is the share price target of ITC in 2023?
- What will ITC stock be in 2025?
Discussion & Analysis of Business & Financial performance as well as future Business Prospects of ITC Ltd:
ITC is a diversified conglomerate with a presence in a wide range of industries, including cigarettes, hotels, packaged foods, personal care products, paper, and information technology. The company has a strong brand reputation and a track record of profitability.
In recent years, ITC has been focusing on expanding its non-tobacco businesses. This has been a successful strategy, as the non-tobacco businesses have grown at a faster rate than the tobacco business. The company is also investing in new growth areas, such as e-commerce and digital marketing.
The future business prospects of ITC look bright. The company is well-positioned to benefit from the growth of the Indian economy and the increasing demand for its products and services. ITC is also well-diversified, which reduces its risk exposure.
Here are some specific factors that are likely to drive the future growth of ITC:
- The growing Indian economy: India is one of the fastest growing economies in the world. This is providing a boost to demand for ITC’s products and services.
- The increasing middle class: The Indian middle class is growing rapidly. This is creating a large market for premium products and services, such as those offered by ITC.
- The rising disposable income: The disposable income of Indians is rising. This is giving people more money to spend on discretionary items, such as ITC’s products.
- The growing urbanization: India is urbanizing rapidly. This is creating new opportunities for ITC in the urban markets.
- The increasing demand for e-commerce: The e-commerce market in India is growing rapidly. This is providing ITC with a new channel to reach customers.
- The increasing focus on sustainability: ITC is committed to sustainability. This is a growing trend, which is likely to benefit ITC in the long run.
Overall, the future business prospects of ITC look bright. The company is well-positioned to benefit from the growth of the Indian economy and the increasing demand for its products and services. ITC is also well-diversified, which reduces its risk exposure.
Here are some specific growth targets that ITC has set for itself:
- Revenue: The company aims to achieve revenue growth of 10-12% CAGR over the next few years.
- Profit: The company aims to achieve profit growth of 12-15% CAGR over the next few years.
- Market share: The company aims to increase its market share in its key businesses.
- New businesses: The company plans to launch new businesses in areas such as e-commerce, digital marketing, and financial services.
- Sustainability: The company aims to become a net zero carbon emitter by 2030.
ITC is well-positioned to achieve these growth targets. The company has a strong brand reputation, a track record of profitability, and a diversified business portfolio. ITC is also committed to sustainability, which is a growing trend that is likely to benefit the company in the long run.
Share Price Targets:
ITC Share Price Target 2023
Based on the above discussion and analysis, the share price of ITC may touch the level of around Rs.475-500 in 2023.
ITC Share Price Target 2024
Based on the above discussion and analysis, the share price of ITC is likely to touch the level of around Rs.550-600 in 2024
ITC Share Price Target 2025
Based on the above discussion and analysis, the share price of ITC is likely to remain in the range of Rs.650-700 in 2025.
ITC Share Price Target 2026
Based on the above discussion and analysis, the share price of ITC may touch the level of around Rs.750-800 in 2026.
ITC Share Price Target 2027
Based on the above discussion and analysis, the share price of ITC is likely to touch the level of around Rs.850-900 in 2027.
ITC Share Price Target 2028
Based on the above discussion and analysis, the share price of ITC is likely to remain in the range of Rs.950-999 in 2028
ITC Share Price Target 2029
Based on the above discussion and analysis, the share price of ITC is likely to touch the level of around Rs.1050-1250 in 2029
ITC Share Price Target 2030
Based on the above discussion and analysis, the share price of ITC is likely to remain in the range of Rs.1300-1500 in 2030
Disclaimer: Share Prices are subject to market fluctuations and are dependent on several factors. These predictions are based on the current market conditions and the future market expectations. Investors are advised to take into consideration all these factors before making any investment in Capital Market. This article should not be treated as Investment advisory and is for general guidance purpose only. We keep revising our share price targets based on the latest information available with us. Please keep visiting our website regularly to keep yourself updated. MoneyInsight does not offer investment advice and does not encourage any action based on its content.
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